Pubali Bank Bengali: পূবালী ব্যাংক is the largest private commercial bank in Bangladesh. It has more branches than any other private bank in the country. Monzurur Rahman is the present chairman of the bank.
Pubali Bank Limited has achieved constantly about 20% growth over the last 6 (six) years. Pubali-Bank was started in East Pakistan as Eastern Mercantile Bank Limited in the year 1959 under Bank Companies Act 1913. After the independence of Bangladesh in 1971, this Bank has nationalized under Bangladesh Bank’s (nationalization) Ordinance and renamed it as Pubali-Bank. Subsequently, Pubali-Bank was denationalized in the year 1983 as a private bank and renamed Pubali-Bank Limited. 5 million takas went missing in the bank’s branch in Chittagong.
History of Pubali bank
The Bank was initially emerged in the Banking scenario of the then East Pakistan as Eastern Mercantile Bank Limited at the initiative of some Bangalee entrepreneurs in the year 1959 under the Bank Companies Act 1913 for providing credit to the Bangalee entrepreneurs who had limited access to the credit in those days from other financial institutions. After the independence of Bangladesh in 1972, this Bank was nationalized as per the policy of the Government and renamed Pubali-Bank.
Subsequently, due to changed circumstances, this Bank was denationalized in the year 1983 as a private bank and renamed Pubali Bank Limited. Since its inception, this Bank has been playing a vital role in socio-economic, industrial, and agricultural development as well as in the overall economic development of the country through savings mobilization and investment of funds.
At Present, Pubali Bank is the largest private commercial bank having 490 branches and it has the largest real-time centralized online banking network.